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AUD/JPY: Support Ahead Of ¥94 On Monday

AUD

AUD/JPY was pressured through the European session yesterday continuing the lower observed after weaker than forecast Chinese GDP in Asia. Support came in ahead of the ¥94 handle as firmer US Equities facilitated a recovery off session lows.

  • The pair last prints at ¥94.50/60, and fell ~0.4% yesterday.
  • On the downside bears target a break of the ¥94 handle. Support comes in at the low from 12 July (¥93.27) and 200-Day EMA (¥92.07).
  • Bulls first target the 20-Day EMA (¥94.98), from here they can target the high from 5 July (¥96.83) and high from 19 June (¥97.68).

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